Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
West Allis–West Milwaukee board approves parameters to sell up to $70 million in bonds
Summary
After a presentation from underwriter Tim Weinsack, the board approved a parameter resolution allowing the district to sell up to $70,000,000 in general obligation promissory notes, delegating market-timing authority and capping interest at 4.75%. The board heard details about credit ratings, arbitrage, insurance and repayment structure.
The West Allis–West Milwaukee School District Board on Thursday approved a parameter resolution authorizing the sale of up to $70,000,000 in general obligation promissory notes to fund projects approved in the recent referendum.
Tim Weinsack, an underwriting representative filling in for another firm official, explained the bond issuance process to the board, including roles for the underwriter, paying agent, disclosure counsel, bond counsel and the rating agencies. He told the board the district is…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
